Wednesday, September 05, 2012

"WHEELS COMING OFF CART FOR CHINESE ECONOMY?

http://finance.yahoo.com/news/wheels-coming-off-chinese-economy-185524157.html

"And because the growth of electricity historically outpaces the growth of the economy, it means the economy can't be growing more than zero," he added.
"If you look at the manufacturing surveys, the price indices, they suggest zero growth, as do the mountains of copper in the car parks and the iron ore in the graineries."
Chang, author of "The Coming Collapse of China," said other headwinds, such as an anti-reform government, will also hurt its economy.
"After 35 years of growth, the wheels are coming off the Chinese economy," he said.

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